Chemical enterprise valuation

Client

Large international loss adjuster – provider of claims management and risk solutions to insurers, brokers and risk managers.

Objective

To determine the replacement value of movable and immovable property, and the current value of the enterprise - the largest producer of complex chemical products from oil and shale for industrial use, construction, agriculture, and other industries - due to loss (fire).

Approach

A cost approach was used to estimate the replacement/reproduction costs of the enterprise’s assets.

Assessments of the damage level and condition of the damaged objects were complicated by the lack of reasonable access to conduct visual inspections. Part of the collapsed structures of the building and part of the equipment had been moved by crane to open areas near the plant, which allowed us to inspect only some of the lower levels. Inspection of the upper levels was carried out from the crane.

Results

Swiss Appraisal determined the amount of insurance compensation for emergency repair of the damaged plant. The insurance company paid the insurance compensation amount specified in Swiss Appraisal's valuation report.



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